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npub1wuhe...h6ym
npub1wuhe...h6ym
"Porque no siruiendo de mas de fer instrumeto para las copras y ventas: tanto effecto haze el poco dinero, como el mucho, y aun mejor, pues quita el pesado vso de los tratos y comercios, y le haze mas facil y ligero." - Martín González de Cellorigo Translated to English via LLM: "Because it is not used for more than being an instrument for purchases and sales: so much effect does little money have, as much as much money, and even more, because it removes the heavy burden from transactions and commerce, and makes them easier and lighter." Another translation to English from a book: "Since money is but the instrument of exchange, a small circulation has as good an effect as a large one, or even better, for instead of clogging the wheels of trade and commerce it makes them run more easily and lightly."
Despite a so-called shutdown in October, from October 1 to December 10, 2025, the US government self-reportedly spent 1546 billion dollars while taking in 1032 billion dollars, added a net of 715 billion dollars to debt, resulting in a total of 38180 billion in debt. Given that M2 is around 22304 billion dollars and that less than 2500 billion dollars in bank notes exist, isn't it literally impossible to pay off the debt with dollars, as modern monetary theorists suggest? This may be a point on which both MMT and Austrian theory agree, but with very different policy suggestions.
Governments that care about toxic emissions and fuel efficiency should start with standards for the vehicles they buy, namely aircraft, warships, tanks, etc., before forcing standards upon the public's vehicle manufacturers. They may find that emissions and fuel efficiency, while important, are not the most important attributes of vehicles.